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CMS Successful for Philicon-97 in Compensation Claim from Bulgarian Ministry of Finance

CMS Successful for Philicon-97 in Compensation Claim from Bulgarian Ministry of Finance

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CMS Sofia has successfully represented Philicon-97 in a dispute against the Ministry of Finance of the Republic of Bulgaria involving the country's feed-in tariff.

According to CMS, in a ruling in June 2021, "Bulgaria’s Supreme Court of Cassation supported Philicon-97 AD’s claim for compensation for the 20 % reduction in the feed-in tariff that was enacted by the Bulgarian legislature in 2013 and then repealed by the Bulgarian Constitutional Court in 2014." The firm added that this second success – following CMS's win on behalf of Bezmer Energy (reported by CEE Legal Matters on January 7, 2021) – is "streamlining the case-law of the Supreme Court of Cassation in relation to all other pending cases related to the feed-in tariff cuts in Bulgaria."

CMS's team was led by Sofia Managing Partner Kostadin Sirleshtov and Partner Assen Georgiev and included Associate Yana Antonova and Trainee Teodora Peycheva.

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